A bill to provide for the current capital treatment of certain estimated losses experienced in connection with the loss of savings through fraud and mismanagement of an uninsured thrift institution.

Treats as a loss from the sale or exchange of a capital asset the amount of a taxpayer's loss which he may reasonably be expected to suffer in connection with his savings in a thrift institution which was placed under a temporary receiver in December, 1975, and which, as of March 14, 1977, was being administered by trustees appointed by a judge of a United States District Court. Increases from $2,000 to $4,000 the applicable amount allowed in addition to the extent of the loss, in the case of a taxpayer who has reached age 65 before January 1, 1978, and who has suffered such a loss of his savings.